Montreal-based Transit has raised $17.5 million in Series B funding.
The round was led by Alliance Ventures, a five-year $1 billion strategic investment fund with Renault, Nissan, Mitsubishi. Christian Noske, managing director of the Alliance, will be joining Transit’s board.
Participating investors include Jaguar Land Rover’s InMotion Ventures; and returning investors Accel and Real Ventures. The company last raised $5 million in September 2017.
